NBA Commissioner Adam Silver talks to reporters before Game 1 of basketball’s NBA Finals between the Boston Celtics and the Dallas Mavericks, Thursday, June 6, 2024, in Boston.
The deal nevertheless desires to be authorised with the aid of using the NBA’s Board of Governors, that is anticipated this summer. NBA commissioner Adam Silver, in a information convention Thursday, addressed the Celtics sale from his and the league’s factor of view.
“It’s very early days in that transaction,” Silver said. “We’re simply studying approximately it. We haven’t had a risk to now no longer simply vet capability new proprietors however to definitely dig into the specifics of the deal. … I assume it changed into clean withinside the case of the Grousbeck family, the choice changed into, each for property making plans functions to promote the team — however I assume there’s no doubt that it’s a terrifically controlled franchise.
“There’s additionally the view that Wyc (Grousbeck) should stay as CEO and doubtlessly governor over a length of time. That is probably withinside the exceptional hobby for the organization, inclusive of for a brand new client coming in. As I said, it’s simply being supplied to us now. We haven’t definitely had a risk to speak about it.”
“There’s additionally the view that Wyc (Grousbeck) may want to continue to be as CEO and probably governor over a length of time. That is probably withinside the first-rate hobby for the employer, inclusive of for a brand new consumer coming in. As I stated, it’s simply being supplied to us now. We haven’t without a doubt had a hazard to talk about it.”
Silver stated the Grousbeck own circle of relatives and Chisholm are nevertheless running via the ones destiny arrangements. When the deal changed into introduced, it got here with the stipulation that contemporary CEO and governor Wyc Grousbeck is anticipated to stay in his position via the 2027-28 season. That creates an exciting dynamic as Grousbeck nevertheless has a substantial voice withinside the employer even after the sale to a brand new proprietor.
For now, from the NBA’s side, the procedure remains early thinking about the deal changed into introduced simply days ago. Chisholm is likewise reportedly searching out extra traders as a part of his possession institution. The contemporary possession institution consists of contemporary Celtics co-proprietor Robert Hale, Bruce A. Beal Jr, and Sixth Street, a worldwide funding firm.
